DIS cashflow improving, but expensive, shares to decline further
​—-
DIS Sep 21, 2023
A momentary read…
—-
Market cap 151,067 million dollars.
Assets/liabilites 203,783 / 101,727 million dollars.
Market cap/forecast cashflow 54.94
Market cap/assets 0.74 X.
—-
Latest 12 months cashflow higher from lower investment

• Sales increased 8% to 87,807 million dollars.
• Operating cashflow declined from 6,110 to 5,064 million dollars.
• Investment went from -4,858 to -3,265 million dollars.
• So free cashflow increased from 1,252 to 1,799 million dollars.
• Capital (paid) raised went from -3,343 to -2,127 , equity 144 to -181 million dollars.
• Cash declined from 12,959 to 11,458 million dollars.
• DIS declined -6%

—-
Latest quarters cashflow lower but positive
5 quarters of sales & cashflow million dollars.
21,504 , 74
20,150 , 1,388
23,512 , -2,266
21,815 , 1,987
22,330 , 690 ⬇️
—-
We forecast for the next 12 months slightly higher cashflow, shares lower

• Sales will increase 3%
• Operating cashflow will increase to 6,015 million dollars.
• Investment will be -3,265 million dollars.
• So free cashflow will increase to 2,750 million dollars.
• Capital (paid) raised will be -2,750 , equity -618 million dollars. That’s a 0% yield.
• Cash will be 11,458 million dollars.
• DIS will decline -9% to 75 dollars.